Tex. Spec. Dist. Local Laws Code § 3818.209 · Subchapter E. FINANCIAL PROVISIONS
ASSESSMENTS AND BOND LIMIT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The board may not issue bonds or impose assessments that exceed 10 percent of the assessed value of the property in the district based on the most recent certified county tax appraisal roll.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 729 (H.B. 2019), Sec. 1.03, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.3818.htm
- Text hash
- sha256 eda1bc5cc99ae111649aaa47c761e6a031d3449e7816efa9558c00dda522f03c
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.